My Day: Cheap Gas

My Day
By Dr. J. Ester Davis

Just look at these gas prices!  Let’s celebrate. Perfect timing.  Airlines will prosper, employment will go up.  A bump in sales, more big trucks, more big cars and big purses.  Think about it, gas has not been this low in more than ten years.  How low and how long?   Who will it affect more?  And what will life be like after the boom?  Who cares you say?  At the moment it is not only lasting longer than predicted, but the holidays are here and we have money in our pockets.  Great start to a happy . . . NEW YEAR.

Finally, something for us to be happy about.  One little question, why isn’t everybody happy?  So many questions.  Will Americans spend their savings from cheap gas to spur the economy?  Will falling oil prices cause energy producers to cut back.  Will the Americas lose middle class jobs?  Cheap gas has a litany of concerts playing all at the same time.  In this country, Goldman Sachs says low gas prices could add a half point to U. S. Growth Domestic Product (GDP), while Wall Street remains spooked.  Lower investments mean few jobs.  Energy jobs pay above average annual wages in America.  The Manhattan Institute and their thinking tank minds, uses the big number of ten($10million)jobs in the United States.  The National Association of Manufacturers estimates another one million jobs will be affected in the next few months.

In Texas, the quest for drilling rights has come to a quenching halt, and the land owners checks will have less zeros.  A professor of finance at Texas A&M Business School warns us that Texas is a “slowdown of a

hot economy”.  In West Texas, Midland specifically had the highest income per capita($80,000 +) in the nation in 2013.   You have to think is the boom over for Texas?  While the news is busy with national polls on Trump, Cruz and Carson,  the House Subcommittee on Energy is holding nervous meetings and hoping no one will notice.  The candidates are certainly ignoring it.  I wonder why.  There is the Center on Global Energy Policy and the Center for American Progress who have all conducted “recent studies”.  The Senate Energy Committee says little-to-nothing about their thoughts. And as I said earlier, this is just on the U.S. aisle.

My clear thought is that the future of energy should have equal time with cheap gas.  Cheap food, cheap shoes, cheap phones, all cost you a fee as soon as the paint dries.

Have yourself  a very safe happy new year

from the Ester Davis staff, crew and interns.

www.esterday.com